That
production
growth
"will
take
us
to
over
1.8
million
barrels
per
day
by
2016,"
said
Ryan
Lance,
who
will
head
the
spinoff
company
but
now
leads
international
exploration
and
production
for
the
integrated
supermajor.
ConocoPhillips
expects
2012
output
of
the
spinoff
to
be
1.55
million
to
1.6
million
barrels
of
oil
equivalent
per
day,
Reuters
reported.
ConocoPhillips
will
spin
off
its
refining,
marketing
and
transportation
arm
at
the
end
of
April
into
a
company
called
Phillips
66,
to
create
separate
pure-play
upstream
and
downstream
companies.
Lance
was
named
in
October
to
run
the
new
independent
producer.
Lance
told
analysts
that…
